{"id":21824,"date":"2023-11-29T11:23:57","date_gmt":"2023-11-29T15:23:57","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=21824"},"modified":"2023-11-29T12:33:58","modified_gmt":"2023-11-29T16:33:58","slug":"bitcoin-custodian-fees","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/bitcoin-custodian-fees\/","title":{"rendered":"Bitcoin Custodian Fees"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"ltr\"><a href=\"https:\/\/x.com\/roninbul\/status\/1729550469545009165?s=43&#038;t=zXw0VnDUU9g9Ec306BxNPw\"><\/a><\/div>\n<div dir=\"ltr\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" style=\"border: 1px solid #ccd6dd; border-radius: 12px\" width=\"500\" bgcolor=\"#ffffff\">\n<tbody>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/x.com\/roninbul?s=43\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1619941655150317571\/MPIE3FxT_normal.jpg\" style=\"border-radius: 50%; padding: 0px\" height=\"48\" width=\"48\" data-unique-identifier=\"\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width: 8px\"><img decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/spacer.png\" width=\"8\" data-unique-identifier=\"\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/x.com\/roninbul?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: #292c2f; text-decoration: none\">RoninBull<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/x.com\/roninbul?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: #7e8c98\">\u2066\u202a@RoninBul\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/logo_twitter-1497383721365.png\" height=\"20\" width=\"24\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/self_serve\/media\/spacer_464x1-1582829598167.png\" width=\"464\" height=\"1\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: #292c2f; font-size: 18px; line-height: 24px; text-decoration: none\">Coinbase is the custodian for 9\/12 BTC ETFs. Let&#8217;s say half of BTC ends up in ETFs. At 100k BTC will have a 2T market cap. That&#8217;s ~1T assets custodied by <a href=\"https:\/\/x.com\/search?q=%24COIN&#038;src=ctag\">$COIN<\/a>. They charge 10 basis points \/month which is 1B of profit \/month. That alone equals the same annual profit as <a href=\"https:\/\/x.com\/search?q=%24TSLA&#038;src=ctag\">$TSLA<\/a> <a href=\"https:\/\/t.co\/MMK13Dswc1\"><span>pic.twitter.com\/MMK13Dswc1<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/x.com\/roninbul\/status\/1729550469545009165?s=43&#038;t=zXw0VnDUU9g9Ec306BxNPw\" style=\"font-family: Helvetica, Arial, san-serif; color: #667785; font-size: 14px; line-height: 18px; text-decoration: none\">11\/28\/23, 11:19 AM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/11\/image0-52.jpeg\" alt=\"image0.jpeg\"><\/p>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\">WordPress\u2019d from my personal iPhone,&nbsp;<\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><a href=\"tel:650-283-8008\" dir=\"ltr\" x-apple-data-detectors=\"true\" x-apple-data-detectors-type=\"telephone\" x-apple-data-detectors-result=\"1\">650-283-8008<\/a><\/span><span style=\"background-color: rgba(255, 255, 255, 0)\">, number that&nbsp;Steve Jobs texted me on<\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/11\/image2-52.jpeg\" alt=\"image2.jpeg\"><\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2023\/11\/image3-48.jpeg\" alt=\"image3.jpeg\"><\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<div dir=\"ltr\">\n<div><font color=\"#000000\"><span style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\">https:\/\/www.YouTube.com\/watch?v=ejeIz4EhoJ0<\/span><\/font><\/div>\n<div><span style=\"font-size: 13pt\"><br \/>\n<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; RoninBull \u2066\u202a@RoninBul\u202c\u2069 Coinbase is the custodian for 9\/12 BTC ETFs. Let&#8217;s say half of BTC ends up in ETFs. At 100k BTC will have a 2T market cap. That&#8217;s ~1T assets custodied by $COIN. They charge 10 basis points \/month which is 1B of profit \/month. That alone equals the same annual profit [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-21824","post","type-post","status-publish","format-standard","hentry","category-deep-underground-cryptocurrency-knowledge-9"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/21824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=21824"}],"version-history":[{"count":2,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/21824\/revisions"}],"predecessor-version":[{"id":21846,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/21824\/revisions\/21846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/21825"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=21824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=21824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=21824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}